Ondas (NASDAQ:ONDS) Stock Price Up 3.1% – Here’s What Happened

Ondas Holdings Inc. (NASDAQ:ONDS) shares rose 3.1% during mid-day trading on Thursday . The stock traded as high as $12.42 and last traded at $11.97. Approximately 62,906,496 shares traded hands during trading, a decline of 26% from the average daily volume of 85,444,422 shares. The stock had previously closed at $11.61.

Analyst Ratings Changes

ONDS has been the subject of several analyst reports. Northland Securities boosted their price target on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Thursday, March 26th. Needham & Company LLC reissued a “buy” rating and set a $23.00 price target on shares of Ondas in a report on Tuesday, May 19th. Glj Research set a $17.00 price target on shares of Ondas in a report on Tuesday, March 10th. Wall Street Zen downgraded shares of Ondas from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Finally, LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Ondas presently has an average rating of “Moderate Buy” and an average target price of $17.25.

Ondas Price Performance

The firm has a market cap of $6.04 billion, a price-to-earnings ratio of 299.25 and a beta of 2.60. The firm’s fifty day moving average is $10.04 and its two-hundred day moving average is $10.02.

Ondas (NASDAQ:ONDS) last posted its quarterly earnings data on Monday, March 23rd. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.33). The company had revenue of $30.11 million during the quarter, compared to analyst estimates of $27.49 million. Ondas had a negative return on equity of 14.17% and a net margin of 247.85%. On average, equities analysts forecast that Ondas Holdings Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Ondas news, Director Randy Seidl sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $9.83, for a total value of $98,300.00. Following the sale, the director directly owned 295,504 shares in the company, valued at approximately $2,904,804.32. The trade was a 3.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Eric A. Brock sold 2,378,245 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $13.43, for a total transaction of $31,939,830.35. Following the completion of the sale, the chief executive officer owned 3,583,010 shares in the company, valued at approximately $48,119,824.30. This trade represents a 39.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 2,395,745 shares of company stock valued at $32,109,380 over the last 90 days. 1.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ondas

Several hedge funds and other institutional investors have recently bought and sold shares of ONDS. Goldman Sachs Group Inc. raised its position in Ondas by 444.4% in the first quarter. Goldman Sachs Group Inc. now owns 112,373 shares of the company’s stock worth $120,000 after acquiring an additional 91,732 shares in the last quarter. Geode Capital Management LLC raised its position in Ondas by 57.4% in the second quarter. Geode Capital Management LLC now owns 1,344,590 shares of the company’s stock worth $2,583,000 after acquiring an additional 490,239 shares in the last quarter. NewEdge Advisors LLC bought a new stake in Ondas in the second quarter worth about $152,000. Sei Investments Co. bought a new stake in Ondas in the second quarter worth about $3,086,000. Finally, HRT Financial LP bought a new stake in Ondas in the second quarter worth about $2,244,000. 37.73% of the stock is currently owned by institutional investors.

About Ondas

Ondas Holdings, Inc (NASDAQ: ONDS) develops secure private wireless networking solutions and unmanned aircraft systems tailored to mission-critical industrial applications. Its Ondas Networks division offers the proprietary FullMAX platform, a long-range, high-bandwidth broadband network designed to support real-time data transmission, remote monitoring and IoT deployments across rail, maritime and infrastructure environments. The broadband platform integrates edge-to-cloud architecture to ensure operational resilience and regulatory compliance for transportation and utility operators.

The company’s Ondas Autonomous Systems segment builds heavy-lift cargo drones and uncrewed aircraft platforms for logistics, pipeline and infrastructure inspection, emergency response and other government and commercial use cases.